PRF Technologies Ltd. (NASDAQ: PRFX) surged sharply Wednesday, jumping over 30% in pre-market trading after the company announced a significant commercial software-as-a-service (SaaS) contract for its DeepSolar AI-driven analytics platform at a major utility-scale solar facility in Europe. (Investing.com)
📈 Stock Rally on Commercial Deployment News
PRF Technologies’ stock moved higher as traders reacted to the announcement that the company will deploy its DeepSolar system at the 71 megawatt Satu Mare photovoltaic plant in Romania under a multi-year SaaS agreement with infrastructure operator Shikun & Binui Energy.
Unlike previous trials or pilot projects, this deal represents a commercial installation supporting ongoing asset operations — a key milestone in PRF’s strategy to scale DeepSolar as a recurring revenue platform for utility-scale clean energy assets.
🔆 DeepSolar: AI-Powered Performance Analytics
PRF’s DeepSolar platform uses advanced machine learning and analytics to continuously monitor solar plant performance, detect anomalies, identify operational trends and inform data-driven decisions to improve energy production and asset reliability. The software is designed to provide actionable insights that help operators maximize uptime and long-term value from utility-scale photovoltaic installations.
The Romanian deployment marks one of the largest commercial SaaS rollouts to date for DeepSolar and follows prior European activity as the company expands its footprint outside of pilot programs.
🌍 Strategic European Expansion
The Satu Mare site, located in northwestern Romania, is now set to benefit from DeepSolar’s continuous analytics and performance monitoring throughout the plant’s operating life, providing PRF with a marquee reference project in the European renewables market.
Shikun & Binui Energy — the renewable-energy arm of global infrastructure group Shikun & Binui Ltd. — has operations across multiple markets, making the Romanian deployment a potential gateway for broader SaaS expansion in the region.
📊 Building Recurring Revenue and Platform Adoption
In addition to ongoing performance monitoring, PRF has been enhancing DeepSolar’s capabilities with tools such as Smart TDD (technical due-diligence solution for solar asset transactions) and DeepSolar Predict, a forecasting solution that improves energy production visibility and planning. The company has also filed a patent application for plant-level micro-climate modeling to strengthen its intellectual property position in solar analytics.
This SaaS deployment underscores PRF’s transition toward recurring revenue streams for its software offerings alongside its other business units, including pain management and ophthalmology programs, as it seeks to balance multiple technology platforms.
The post PRF Technologies Stock Soars After Securing SaaS Deal for Romanian Solar Plant appeared first on PRISM MarketView.
